WMG

Scotiabank Upgrades Warner Music Group (WMG)

Fintel reports that on February 13, 2026, Scotiabank upgraded their outlook for Warner Music Group (NasdaqGS:WMG) from Sector Perform to Sector Outperform.

Analyst Price Forecast Suggests 30.05% Upside

As of February 4, 2026, the average one-year price target for Warner Music Group is $38.30/share. The forecasts range from a low of $30.30 to a high of $48.30. The average price target represents an increase of 30.05% from its latest reported closing price of $29.45 / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Warner Music Group is 7,698MM, an increase of 11.87%. The projected annual non-GAAP EPS is 1.92.

What is the Fund Sentiment?

There are 516 funds or institutions reporting positions in Warner Music Group. This is an decrease of 26 owner(s) or 4.80% in the last quarter. Average portfolio weight of all funds dedicated to WMG is 0.21%, an increase of 5.13%. Total shares owned by institutions decreased in the last three months by 0.03% to 177,872K shares. WMG / Warner Music Group Corp. Put/Call Ratios The put/call ratio of WMG is 0.07, indicating a bullish outlook.

What are Other Shareholders Doing?

Jpmorgan Chase holds 16,645K shares representing 11.33% ownership of the company. In its prior filing, the firm reported owning 14,445K shares , representing an increase of 13.22%. The firm decreased its portfolio allocation in WMG by 88.10% over the last quarter.

Independent Franchise Partners LLP holds 13,153K shares representing 8.95% ownership of the company. In its prior filing, the firm reported owning 13,280K shares , representing a decrease of 0.96%. The firm increased its portfolio allocation in WMG by 22.71% over the last quarter.

Darlington Partners Capital Management holds 11,995K shares representing 8.16% ownership of the company. No change in the last quarter.

Barrow Hanley Mewhinney & Strauss holds 7,854K shares representing 5.34% ownership of the company. In its prior filing, the firm reported owning 8,915K shares , representing a decrease of 13.50%. The firm decreased its portfolio allocation in WMG by 17.05% over the last quarter.

Darsana Capital Partners holds 6,250K shares representing 4.25% ownership of the company. In its prior filing, the firm reported owning 8,000K shares , representing a decrease of 28.00%. The firm decreased its portfolio allocation in WMG by 19.42% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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